Ghana's inflation falls to 3.2% in March, 15th straight monthly decline — GSS

Ghana’s inflation has fallen for the 15th consecutive month, easing to 3.2% in March 2026, reports the Ghana Statistical Service (GSS).

The latest figure marks a slight drop from 3.3% recorded in February 2026 and a sharp decline from 22.4% in March 2025.

The development represents the lowest inflation rate since the rebasing of the Consumer Price Index in 2021.

Government Statistician, Alhassan Iddrisu, announced the figures during the release of the March 2026 Consumer Price Index (CPI) and inflation rate on Wednesday, April 1.

He noted that overall price levels rose marginally by 0.1% between February and March 2026, indicating relatively stable month-on-month movement.

Food inflation also recorded a decline, falling to 2.3% in March from 2.4% in February.

Prices of food items decreased by 0.3% over the same period, contributing to the overall moderation in inflation.

Non-food inflation eased slightly to 3.9% in March from 4.0% in February.

However, non-food prices increased by 0.3% month-on-month, reflecting mixed price movements within the category.

The data further showed divergent trends between locally produced and imported items.

Inflation for locally produced goods rose to 4.9% in March from 4.5% in February, while inflation for imported items declined to -0.6% from 0.6% over the same period.

According to the GSS, regional inflation remains uneven across the country.

The North East Region recorded the highest inflation rate at 8.6%, while the Savannah Region posted the lowest at -4.6%.

The GSS attributed the disparities to differences in supply conditions, transport costs, and market access across regions.